“A challenging quarter for our two largest markets, with greater focus on compliance and sustainability” was how CEO Gustraf Hagman described LeoVegas’ third quarter.
“It is satisfying to note that LeoVegas is the most well-known online casino brand in Sweden - our position ahead of regulation is very strong.”
In the quarter, from July 1 to September 30, revenue increased by 41 per cent to €78.6m. Organic growth in local currencies excluding markets closed in 2017 was 14 per cent. EBITDA was €9m, corresponding to an EBITDA margin of 11.4 per cent.
Net gaming revenue from regulated markets was 35.5 per cent (25.3per cent) of total NGR. The number of depositing customers was 318,189 (202,980), an increase of 57 per cent. Earnings per share before and after dilution were €0.13 (0.06).
